XRP Wallets Surge 490% as Retail Interest Grows
Key Takeaways
- XRP has seen a 490% increase in active wallets since 2022
- By comparison, Bitcoin grew by only 10% during the same period
- This trend indicates strong interest from retail investors
- XRP’s price remains stable despite broader market corrections
- Technically, XRP is in a consolidation phase
Strong Growth in Active XRP Addresses
Since the low point in 2022, the number of active XRP wallets has increased by 490%. This data comes from on-chain analysis by Glassnode. XRP clearly outpaces Bitcoin in this regard, as active Bitcoin addresses grew by only 10% during the same period.
This significant growth suggests increasing participation from retail investors. While Bitcoin continues to attract mainly institutional investors, XRP appears to be gaining popularity primarily among individual traders.
What Does This Mean for the Market?
An increase in active wallets is more than just a technical metric. It indicates that more users are holding or trading XRP — a clear sign of growing interest. Notably, the activity is coming predominantly from retail investors rather than large institutional players.
This trend is shifting market dynamics. XRP is moving increasingly independently from Bitcoin. While BTC appears more stable and long-term focused, XRP is showing greater volatility — a trait typical of retail-driven assets.
Technical Outlook: Consolidation Before Potential Breakout
XRP is currently trading at around USD 2.07. The price has been moving within a descending triangle — a pattern often seen before a breakout. The USD 2.00 mark is currently serving as a key support level.
Technical analysis suggests an upward breakout is possible, provided retail investor interest remains strong. However, if sentiment shifts or profit-taking occurs, XRP could quickly lose value.
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Retail Investors as the Driving Force
The current market landscape shows a clear divide: Bitcoin is increasingly supported by institutional investors, while XRP is being driven by a broad base of retail traders. This development could impact the price behaviour of both cryptocurrencies — in terms of volatility as well as responsiveness to market changes.
In this cycle, XRP appears to be shedding its role as a “Bitcoin follower.” The altcoin is developing its own momentum, fuelled by an active and risk-tolerant community.
Our Assessment
The sharp rise in active XRP addresses is a clear sign of growing retail interest. This could provide short-term price momentum, but also carries risks. Retail-driven assets are more susceptible to shifts in sentiment and sudden directional changes.
If you are investing in XRP or considering it, you should closely monitor market sentiment. Technically, XRP is on the verge of a potential trend reversal, but the outcome will largely depend on community behaviour.
Sources
- Glassnode
- TradingView
| Symbol | XRP |
| Coin type | Alt Coin |
| Transaction Speed | High |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $2.13 |
| 24h % | 3.54 % |
| 7d % | -1.13 % |
| 30d % | -15.97 % |
| 60d % | -16.64 % |
| 1y % | 266.48 % |
| Official Links | Website |
| Socials | X |
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